| Financier | Commitments |
|---|---|
| Partnership for Market Implementation Facility | 5.00 |
Colombia Partnership for Market Implementation
Abstract*
This project will enable the government to acquire technical assistance to advance the design of the country's emissions trading system, the Programa Nacional de Cupos Transables de Emisiones (PNCTE), as well as to pilot and implement the system. In addition, it will support the government in finalizing its corporate greenhouse gas emissions reporting system, and will build capacity for the design and implementation of the PNCTE and the emissions... Show More
Development Objective
To advance the design of the Colombian ETS and support capacity building and institutional strengthening for its piloting and implementation.
Key Details
Project Details
P178167
Active
Claudia Croce
Fondo Accion,Ministry of Environment and Sustainable Development
March 14, 2023
(as of board presentation)
December 20, 2023
December 25, 2023
US$ 0.00 million
Fondo Accion
2024
US$ 5.00 million
N/A
Moderate
October 29, 2027
Yes
BANK APPROVED
August 29, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 5.00 |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of regulatory and technical guidance documents informed by the project’s technical design elements. source:Regulatory documents issued and published on Minambiente website with a scope or area Value 0.00 0.00 2.00 Date March 14, 2023 June 30, 2028 Comment Number of regulated companies applying the GHG emissions quantification methodologies and reporting to the Corporate Emissions Reporting Program/ Source: GHG emission reports submitted to the designa Value 0.00 0.00 50.00 Date March 14, 2023 June 30, 2028 Comment Share of stakeholder training participants reporting increased technical capacity for the development and implementation of the ETSand the Corporate GHG Emissions Reporting Program (percent), of whic Value 0.00 0.00 85.00 Date March 14, 2023 June 30, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Component 1: Technical design elements developed for the ETS (number): source: ETS design deliverables developed under Component 1.1. and approved by the PMI technical committee Value 0.00 0.00 7.00 Date March 14, 2023 June 30, 2028 Comment Component 1: ETS design incorporating just transition considerations (Y/N). Source:Revision of ETS design outputs’ recommendationsconcerning just transition and corresponding government ETS design d Value No Yes Date March 14, 2023 June 30, 2028 Comment Component 2: ETS implementation phase incorporates lessons learned during the pilot phase. Source:Recommendations issued by the evaluation report; incorporation can be through technical, regulatory, a Value No Yes Date March 14, 2023 June 30, 2028 Comment Component 3: Number of government and private sector personnel trained in ETS concepts and functioning of which female. Value 0.00 0.00 45.00 Date March 14, 2023 June 30, 2028 Comment Component 1: GHG emissions quantification methodologies for the Corporate Emissions Reporting Program developed. Source:Methodologies for ROE developed and approved by the PMI technical committee (ind Value 0.00 0.00 10.00 Date March 14, 2023 June 30, 2028 Comment Component 1: IT platforms underlying the ETS designed. Source: Design for auctions and GHG reporting platforms approved by the PMI technical committee Value 0.00 0.00 2.00 Date March 14, 2023 June 30, 2028 Comment